Pacific Investment Management Company (PIMCO) is seeking to increase the assets under management of one of its multi-asset mutual funds by 25% to $2 billion (approximately HKD 15.6 billion) this year, betting that a 60/40 stock-bond allocation strategy will attract more Asian investors. Marcio Bogoricin, Head of Global Wealth Management at PIMCO Asia (excluding Japan), said that after launching in mainland China, Hong Kong, and Singapore, the company's balanced income and growth funds will also be launched in Taiwan this year. In recent years, in an environment of high inflation and Fed rate hikes, the performance of the 60/40 stock-bond allocation strategy has been lackluster. However, Bogoricin believes that last year was the year of fixed income, and with market expectations more optimistic towards stocks this year, the 60/40 strategy is expected to regain favor.